The cost of property in Australia can vary greatly depending on the location, with some areas being significantly more expensive than others. Generally speaking, property prices are often lower in regional areas or smaller cities than they are in the major metropolitan areas like Sydney, Melbourne, and Brisbane.
According to recent data, some of the most affordable areas for property in Australia include:
Adelaide – Adelaide is one of Australia’s smaller capital cities and is often considered to be more affordable than larger cities like Sydney or Melbourne. As of September 2021, the median house price in Adelaide was around AUD 530,000.
Hobart – Hobart is the capital of Tasmania and is one of Australia’s smaller capital cities. The median house price in Hobart as of September 2021 was approximately AUD 600,000.
Darwin – Darwin is the capital of the Northern Territory and is located in Australia’s tropical north. The median house price in Darwin as of September 2021 was around AUD 560,000.
Regional areas – There are many regional areas throughout Australia where property prices are significantly lower than in the major cities. However, it’s important to note that these areas may have limited employment opportunities and may not be suitable for everyone.
It’s important to note that property prices can fluctuate based on a range of factors, including economic conditions, population growth, and supply and demand. Buyers should always do their research and seek professional advice before making any property purchases.
Author: RealEstate
About The Author
